FINDELL CAPITAL MANAGEMENT LLC — 13F Holdings & Portfolio
CIK 1814465 · latest 13F-HR filed 2026-05-15
FINDELL CAPITAL MANAGEMENT LLC manages $341.4M in 13F-reported U.S. long-equity assets across 18 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are LQDA (38.71%), ESTA (16.59%), DAVE (8.67%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 5 new positions, exited 3, added to 6, and trimmed 5.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$341.4M
Long-equity book
18
Distinct positions
2026-03-31
Filed 2026-05-15
+5 / −3 / ↑6 / ↓5
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- LIQUIDIA CORPORATION$33.8M +34.4%
- DAVE INC$14.1M +91.0%
- ABIVAX SA$5.2M +80.6%
- SUPER GROUP SGHC LIMITED$5.0M +44.2%
- GEO GROUP INC$4.2M +40.4%
Top Trims
- ESTABLISHMENT LABS HLDGS INC-$25.7M -31.2%
- EHEALTH INC-$6.3M -96.4%
- TURNING PT BRANDS INC-$5.5M -40.1%
- CELSIUS HLDGS INC-$2.5M -26.1%
- OPORTUN FINL CORP-$916.6K -6.7%
New Positions
- CENOVUS ENERGY INC$9.9M
- ACADIA HEALTHCARE COMPANY IN$8.9M
- VERMILION ENERGY INC$5.1M
- APPLIED DIGITAL CORP$4.0M
- PEABODY ENGR CORP$276.2K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | LIQUIDIA CORPORATION | LQDA | 53635D202 | $132.2M | 38.71% | 3,502,112 | SH |
| 2 | ESTABLISHMENT LABS HLDGS INC | ESTA | G31249108 | $56.7M | 16.59% | 997,747 | SH |
| 3 | DAVE INC | DAVE | 23834J201 | $29.6M | 8.67% | 170,000 | SH |
| 4 | ROOT INC | ROOT | 77664L207 | $16.6M | 4.85% | 375,000 | SH |
| 5 | SUPER GROUP SGHC LIMITED | SGHC | G8588X103 | $16.2M | 4.74% | 1,500,000 | SH |
| 6 | GEO GROUP INC | GEO | 36162J106 | $14.7M | 4.31% | 875,000 | SH |
| 7 | OPORTUN FINL CORP | OPRT | 68376D104 | $12.7M | 3.71% | 2,748,300 | SH |
| 8 | ABIVAX SA | ABVX | 00370M103 | $11.7M | 3.42% | 105,000 | SH |
| 9 | CENOVUS ENERGY INC | CVE | 15135U109 | $9.9M | 2.91% | 375,000 | SH |
| 10 | ACADIA HEALTHCARE COMPANY IN | ACHC | 00404A109 | $8.9M | 2.60% | 380,000 | SH |
| 11 | TURNING PT BRANDS INC | TPB | 90041L105 | $8.2M | 2.41% | 95,000 | SH |
| 12 | CELSIUS HLDGS INC | CELH | 15118V207 | $7.1M | 2.08% | 200,000 | SH |
| 13 | MINERALYS THERAPEUTICS INC | MLYS | 603170101 | $5.5M | 1.60% | 202,000 | SH |
| 14 | VERMILION ENERGY INC | VET | 923725105 | $5.1M | 1.49% | 370,000 | SH |
| 15 | APPLIED DIGITAL CORP | APLD | 038169207 | $4.0M | 1.18% | 170,000 | SH |
| 16 | LIQUIDIA CORPORATION Call | LQDA | 53635D202 | $1.9M | 0.55% | 50,000 | SH |
| 17 | PEABODY ENGR CORP | BTU | 704551100 | $276.2K | 0.08% | 8,381 | SH |
| 18 | EHEALTH INC | EHTH | 28238P109 | $230.9K | 0.07% | 179,027 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $341.4M | 18 | 0000921895-26-001410 |
| 2025-12-31 | 2026-02-17 | $347.8M | 17 | 0000921895-26-000470 |
| 2025-09-30 | 2025-11-14 | $253.4M | 15 | 0000921895-25-003108 |